Toncoin, a cryptocurrency within the broader blockchain ecosystem, has recently achieved a major milestone. Its USDT, or Tether, holdings have surpassed the $1 billion mark, representing a staggering 670% surge in growth.
Despite this impressive growth in stablecoin reserves, there has been little to no visible impact on Toncoin's price performance on the charts. Market participants might have anticipated a stronger correlation between increased holdings and price fluctuations, yet this isn't the case as of now.
This development raises questions about the factors influencing TON's price and how its financial maneuvers, such as bolstering USDT reserves, stack up against other market forces.
